Latest Sports Scores

Scoreboard

  • ALL
  • NBA
  • MLB
  • NHL
  • NBA
  • 5/23 8:30 PM EDT
    BOS0
    CLE0
  • MLB
  • 5/23 7:05 PM EDT
    Min
    Bal
  • 5/23 7:05 PM EDT
    KC
    NYY
  • 5/23 7:05 PM EDT
    SF
    ChC
  • 5/23 7:05 PM EDT
    Sea
    Was
  • 5/23 7:05 PM EDT
    Col
    Phi
  • 5/23 7:10 PM EDT
    Tex
    Bos
  • 5/23 7:10 PM EDT
    Cle
    Cin
  • 5/23 7:10 PM EDT
    SD
    NYM
  • 5/23 7:10 PM EDT
    LAA
    TB
  • 5/23 7:35 PM EDT
    Pit
    Atl
  • 5/23 7:40 PM EDT
    Tor
    Mil
  • 5/23 8:10 PM EDT
    Det
    Hou
  • 5/23 9:40 PM EDT
    CWS
    Ari
  • 5/23 10:05 PM EDT
    Mia
    Oak
  • 5/23 10:10 PM EDT
    StL
    LAD
  • NHL
  • 5/23 8:00 PM EDT
    PIT0
    OTT0

LeBron James stuns many by accepting a 3-year, $100 million deal with the Cavs

LeBron, Cavs Agree to Record Contract

So much for The Decision 3.0. LeBron James has re-signed with the Cleveland Cavaliers on a three-year contract worth $100 million. The Cleveland Cavaliers superstar announced the news in a video for Bleacher Report's Undefeated, which you can watch above.

James, 31, became an unrestricted free agent this summer after leading his hometown team to a shocking comeback victory in the NBA Finals against the Golden State Warriors. Though an eventual new contract with the Cavaliers was always a formality, it's still surprising to many that he accepted a deal that will keep him from the open market for the next three seasons. James wields notorious power within the organization, and the prevailing wisdom among league followers was that he'd continue re-upping in Northeast Ohio on a series of one-year deals to ensure Cleveland would be forced to make pricey personnel decisions that keep him happy — lest the three-time champion bail on the wine and gold as a free agent yet again.

SEE MORE: Everything you need to know about the Summer Olympics

Why might James have bucked expectations? Perhaps the terms of Cleveland's multi-year offer were just too good to pass up.

GET IT HERE: Cleveland Cavaliers 2016 NBA Champions Offcial Locker Room Cap

It also bears mentioning that the salary cap is done ballooning to the extent it did this summer. After the cap spiked to $94 million for the coming season, the league's latest projection for 2017-18 came in 3 million dollars lower than initially forecasted. James, basically, has less incentive to sign another max-level deal under a new cap because that number won't be exorbitantly larger than it is today. As a prospective 14-year veteran, he also already qualifies for the top-tier bracket that allows him to receive 35 percent of the salary cap in a single season.

GET IT HERE: 2016 NBA Champions Cleveland Cavaliers Locker Room Shirt

The King is finally being paid like it – well, or at least as much as terms of the collective bargaining agreement allow. Next up for LeBron? Getting Dan Gilbert and company to pony up even more dough so the defending champions can retain free agent shooting guard J.R. Smith.

That's likely coming, by the way. It's highly doubtful James would have inked this new contract, despite his new status as the highest-paid player of all time, if it weren't the case.

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.